NETSOL Technologies, Inc., a worldwide IT and enterprise application solutions provider to the global asset finance and leasing industry, has successfully achieved SOC 2 Type 1 compliance, with a global audit conducted by A-LIGN, the first licensed CPA firm to focus on IT audits such as SOC 2 with over 20 years of SOC experience.

Designed by the American Institute of Certified Public Accountants (“AICPA”), SOC 2 (System and Organization Controls) attests to the protection of client data. Achieving SOC 2 Type 1 compliance reinforces NETSOL’s commitment to ensuring the security of its clients’ (and their customers’) data and confirms that all system requirements were designed based on the trust services criteria relevant to the security standards set by AICPA.

“It gives me great pleasure to announce our SOC 2 Type 1 attestation from A-LIGN,” said Peter Minshall, Executive Vice President for NETSOL Technologies Americas. “The report demonstrates that on a global level we have designed effective controls to provide assurance that risks concerning security, availability, and confidentiality are mitigated.”

“Serving several of the world’s largest finance and leasing entities, including blue-chip and Fortune 500 companies, we take the security and protection of our customers’ and their customers’ data seriously and follow the most stringent security mechanisms to assure that security and protection,” continued Minshall. “With this SOC 2 attestation, our customers are assured that controls are designed to ascertain that their data is handled with the highest levels of security standards, a necessity in today’s world, and this achievement helps to raise the overall industry bar even higher when it comes to data security.”

The examination of the Company’s suite of products and software services was carried out at its Calabasas, California; London, England; Beijing, China; Sydney, Australia; and Lahore, Pakistan facilities.